43,000 punished in China over telecom, internet fraud

Police closed 6,900 boiler rooms and confiscated ill- gotten gains valued at 2.34 billion yuan

Internet
<a href="http://www.shutterstock.com/pic-75417109.html" target="_blank">Image</a> via Shutterstock
Press Trust of India Beijing
Last Updated : Oct 18 2016 | 11:38 AM IST
China resolved 77,000 cases related to telecom and Internet fraud from January to September this year and punished 43,000 people.

The number of suspects punished was 2.3 times more than the same period last year, the Ministry of Public Security said at a conference here.

Police closed 6,900 boiler rooms and confiscated ill- gotten gains valued at 2.34 billion yuan (about $347 million), it said.

The arrest of suspects also prevented people from being swindled out of 4.75 billion yuan, state-run Xinhua news agency reported.

Deputy public security minister Li Wei said the ministry will continue to improve its current campaign, with a particular focus on helping victims recover their money.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 18 2016 | 9:42 AM IST

Next Story